Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Virtual reality comes to real estate

FOR IMMEDIATE RELEASE

MONDAY 13 MARCH, 2017


Virtual reality comes to real estate

Watson Real Estate Ltd

An innovative new approach to open homes, offered by a Palmerston North real estate company, pairs Google’s 3D goggles with virtual tour software to make open home viewing an almost real-life experience for home buyers. The VR technology is new to the real estate market with huge potential.

Watson Real Estate Ltd’s business development manager Greg Watson says the real estate company is the first in New Zealand to provide the high-resolution 3D virtual reality tours, using technology originally developed for gaming.

The technology means you can virtually ‘walk’ through an open home, pause in any room you like, look out of the windows, even take a wander through the garden – all from the comfort of your own couch at home.

“With these virtual reality tours, people can experience the house as if standing in it themselves,” Watson says. “You can choose what you look at and where you stand in the house.”

Watson says that virtual tours are already widely available from real estate and property management companies for properties they list online, but no one yet offers the “immersive experience” of feeling like you’re inside the room seeing it in 3D.

Three-dimensional viewing is displayed on a smart phone through a compatible app, which is then placed in a specially made Google cardboard viewer that Watson Real Estate provides free to potential home buyers.

When viewers turn their heads, they can look around the room, up at the ceiling or at the floor. Prompts on the screen allow you to ‘walk’ in to rooms, turn around or go outside and get a 360 view of the garden.

Watson says the experience also brings more truth to viewing properties because the imagery is mapped using a wire mesh to provide a realistic model and accurate measurements.

“There are no misleading wide angles, unlike traditional home staging photography, and you can be the judge of what condition the house is in and how big the rooms are, before going to see it.”

Watson says the technology has huge benefit for out-of-town buyers, or anyone wanting to save time searching for a home. The Google viewers can be couriered to any location upon request.

He says the new technology is dramatically changing how homes and rental properties are marketed, saving potential buyers the hassle of travelling to, and attending, multiple open homes.

Buyers can make buying decisions from home and put a property on their short list.

“Imagine if you were a resident in Auckland and moving to the Manawatu, you can instantly see if the lounge is too small, it allows you to decide if it’s worth another look – before travelling beyond your front door.”

He says the technology also offers real value for sellers because those that do visit an open home in person are serious by then.

Greg Watson, who is also the company’s property management division manager, says the technology has applications for commercial businesses and renters, too.

“We have rental properties that are fully furnished, so with this technology people can take the tour and see what the furniture looks like.”

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Maritime Union: Deepening Supply Chain Crisis Requires Action

Maritime Union of New Zealand National Secretary Craig Harrison says the global COVID-19 pandemic exposed pre-existing weaknesses in our logistics sector, and created enormous problems... More>>



Air New Zealand: Employees Recognised With $1,000 Share Award

The efforts Air New Zealand employees made during one of the airline’s toughest years will be recognised via an award of $1,000 worth of company shares to all permanent employees... More>>

Consumer NZ: Bank Complaints On The Rise, Survey Shows

Nearly one in five Kiwis had a problem with their bank in the past year, Consumer NZ’s latest satisfaction survey finds. Consumer NZ chief executive Jon Duffy said the number of bank customers reporting problems had jumped to 18%, up from 11% in 2020... More>>

Mercury: Enters Into Binding Agreements To Acquire Trustpower’s Retail Business

Mercury NZ Limited (Mercury) has announced that it has entered into binding agreements with Trustpower Limited (Trustpower, NZX:TPW) to acquire Trustpower’s retail business for NZ$441 million... More>>

ALSO:


ASB: New Zealanders Missing Out On Hundreds Of Millions In KiwiSaver Government Contributions

New Zealanders have just over a week to ensure they’re eligible for the maximum annual government KiwiSaver contribution... More>>


Stats NZ: GDP Climbs 1.6 Percent In March 2021 Quarter Following December Dip

Gross domestic product (GDP) rose by 1.6 percent in the March 2021 quarter, following a 1.0 percent fall in the December 2020 quarter, Stats NZ said today. "After an easing of economic activity in the December quarter, we’ve seen broad-based growth in the first quarter of 2021... More>>